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MONEY With Melissa Francis

News/Business. Melissa Francis with a breakdown of the day's top stories and their impact on the American Taxpayer.

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Boston 34, Melissa 5, Johnson & Johnson 4, Jason 4, The City 3, Steven 3, Kyle 3, Afghanistan 3, Cbs 2, S&p 2, Dennis Kneale 2, New York City 2, U.s. 2, Cyprus 2, India 2, Eece 1, Mit 1, Steven Scrk 1, Davis 1, David Stern 1,
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  FOX Business    MONEY With Melissa Francis    News/Business. Melissa Francis with a breakdown of the  
   day's top stories and their impact on the American Taxpayer.  

    April 17, 2013
    12:00 - 12:59am EDT  

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od. helping the world keep promises. melissa: tonight on a special edition of "money", the country is still reeling from the devastating terrorist attacks at the ston marathon. so as bostonians pick up the pieces we're going to look at every angle of this story and break down how this cowardly attack is going to affect business and the economy in the united states and what it all means for your money melissa: straight to our top story tonight, the city of boston, massachusetts, is still reeling following yesterday's horrific bombing near the finish line of the boston marathon. president obama speaking out
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today on the tragedy, calling the attack, an act of terrorism. now with the latest news out of boston is fox news's craig boswell. >> the bombs detonated at the boston marathon used six liter pressure cookers packed with shards of metal, nail and ball bearings. they were place inside a black duffel bag and set on the ground. >> we had an attack. >> doctors removed sharp objects from lower extremities of victims. >> many have wound mostly in the lower part of their body, wound rated to the place effect of the bomb as well as small metallic fragments. >> the two bombs exploded about 12 seconds apart. the first near the finish line where 8-year-old martin richard was there to cheer on his father. the little boy was killed in the blast. when he ran back to his mother,wo siblings. bill richard issued a statement, saying we thank four family and friends and those we have never met for
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their thoughts a prayers. i ask you continue to pray for our family as we remember martin. the white house calls the attack an act of terror. meanwhile massachusetts governor deaf val pat take says no unexploded bombs were found. >>t is important to clarify that two and only two explosive devices were found yesterday. other parcels, all other parcels in the area of the blast have been examined but there are no unexploded bombs. >> it is believed at this point in the investigation the bombs were placed near the finish line well after the race began and well after the second security sweep. chris boswell, fox news. melissa: the shocking thing is though, even though we still don't know who carried out the attacks and why, could strong economic data and a solid earnings report offset the uncertainty and the concerns about the blasts? joining me to put it all
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into perspective, kyle harrington, with harrington capital management, hilary kramer, founder of game-changer stocks.com. and jason weisberg, seaport securities. welcome all of you to the show. littlery, let me start with you. the market bounced back. were you surprised? >> not at ale, melissa. we had very strong earnings out of johnson & johnson. coca-cola was up 5.6%. had hca. goldman sachs didn't do well. we saw the up side lookg across many of their banking lines. earnings were good. the market needed to see even if this is a organized global act of terrorism, it wasn't citiwide. that t surprises stopped. that now we recover and figure out what happened in boston. melissa: jason, do youagree with that? >> i agree with the latter part of it. i personally was a little surprised we didn't have some follow-through from yesterday. melissa: yeah. >> a lot of that was confusing with the unwinding of the overcrowded
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commodities trade and quite frankly i'm, you know, i'm very bullish going into yesterday d today, you can't throw any worse news at the marketplace. this is a very bullish sign going forward. i love the market here and going higher. melissa: kyle, i mean there is kind of two sides to this. ere is what jason just said. it makes you feel very positive the market was able to bounce back. at the same time we saw more security incidents in boston and new york city. around new york you see clumps of police examining things. how much do you think coidence will be able to be maintained going forward from here? >> i think traders and money managers like myself are hyper focused on what is going to take place here after this boston incident, if there's going to be more incidents. let me highlight that, and i say this before, melissa, i think any one of these given incidents if they continue will create tremendous volatility in the market. yesterday was the worst trading day of 2013. melissa: right. >> today we did bounce back as a result of johnson & johnson which we're a proud owner of and
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coca-cola. but we're going to flight to quality. we're going to be safe in names that have strong dividendields, consumer staples because e don't think that this is the end of, you know, these possible situations that will come -- breed extreme volatility. melissa: okay. hillary that's a great point. do y stay in the market but are you safer? >> well, the russell 2000 did go down more than 3%. it was hit one-third harder than the s&p 500 and the dow. so the point is well-taken. a lot of times it is names that are safety. that's one of the reasons why we saw these big names like johnson & johnson and coke do extra wellin terms of price appreciation today. so the answer is yes. there is still a lot of value in the small companies. -- caps. and looks like we'llreach newer highs. melissa: jason, what were traders doin on the floor today? were they glued to the television watches events as they unfolded? or were they doing that part
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of the time and rest of the time focusing on business they had to get done? >> i think they wre glued on the current events part of the time. they were really focused on earnings and i think most of the investment comnity showed they're really focused on earnings. they see people in boston, the authorities have handle on thing and that to me is a huge difference. we look back to 9/, and how the markets reacted when we reopened. i think this is a huge bullish signal. if everyone focuses on earnings, like hillary had mentioned, that the earnings have been great, we're going nothing but higher. the markets had north korea thrown at it. it just laughed it off. quite frankly, five years ago that wouldn't have been the case. it just really, it is amazing how resient the market's been. melissa: kyle, before the events of yesterday in boston, we were really focused on the washout in gold, which continued after the events but today we saw a bounce-back. how much of that is driving the trade and what doyou make of it >> well, ihink that we're, i think this is great
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opportunity to start building a position in gold, whether it be through etfs or mutual fund or individual securities. because i think that just, let's not forget, abysmal gdp growth, high unemployment, horrendous jobs number last month. i think that these earnings are keeping the market going and it is resilient. but let's just not take our eye off the ball thinking that the we're out of the woods because i don't think we are. melissa: hillary, what are you doing? you're shaking your head. >> the problem with gold even if the real value of gold is the $2,000 an ounce not $800 which experts are saying which mns we have a lotore downside, the problem these hedge nds levered themselves up some five or ten times. for every dollar they have in their found they might spend five to ten borrowing to buy gold. that is unwinding. banks are calling in making margin calls saying you don't have underlying money. we're seeing profits being
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taken with gol so there is more downside to come. melissa: jason real quick, from the mood on the floor what do you think happens tomorrow and the rest of the week? what was the temperature like down there today? how does it continue? >> i think it will all be dictated by earnings and guidance and quite frankly, you --. melissa: not whether or not they figured out who did this? >> no. melissa: you're mower fox kested on earnings and guidance? >> underlying story they have got it isolated and they think it is an isolated incident. therefore that is a green life to live life as normal. melissa: yeah. >> i think that is what you're going to see. you saw that in the tape today. i don't think it was a bounce action today. i think it was based on johnson & johnson. the earnings will continue to draw the markets higher. melissa: kyle, what would you tell people who want to make sure they're safe, that their money is safe like now and did you get calls like thatoday? >> i got calls like that all day. melissas as i mentioned historically since yesterday i've been playing more psychiatrist even though i'm not qualified to be that
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than money manager. people need hand-holding. get with a trusted advisors. figure out a gameplan but very cautious and aware what is going o in the macro environment environment. i like the you have to pick your spots and be very aware what is going on around you. melissa: panel, thanks for your insight. we really appreciate it. >> thank you. melissa: coming up on "money" with have exclusive interview with the co-owner of the boston celtics what he is doing to make fans are safe at the game. this will change his way of doing business. oil falls to the lowest level in a month. we'll tell you why. plus what effect will the boston bombing have on the price of crude. stay right here. a lot more "money" straight ahead.
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melissa: so we have some breaking news to report. nfl broadcaster and icon pat summer all passed away at the age of 82. let's go to dennis kneale with more on this. >> hello, melissa, the beloved broadcaster, pat summerall died at age 82 in dallas. open employed a succinct
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staccato style and brief to the point. was 82 years old. he work ad record 16 super bowls on network television. was at cbs from 61 to 1993. then went from cbs to fox in 1994. he retired after the 2002 season but remain ad beloved figure in american broadcasting, especially in football coverage. his final super bowl was february of '02. it was his 8th alongside john madden. they worked together at cbs and fox for 21 seasons. pat summer raul, dead at age 82. melissa? melissa: sad news. dennis kneale, thanks so much. americans are still in shock over the tragic events at yesterday' boston marathon. one thing that we learned from the attack that no place is safe from heartless acts of terrorism. will americans be wary of attendinbig sporting events in the future? and what are sports teams doing to make sure fans feel safe at events? for more on this fox
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business exclusion safe. let'salk to the cosowner of the boston celtics. thanks for coming on the though. >> thanks for having me. melissa: i sure you feel a sense of responsibility for people come watch to your games and your eloyees. what are you doing to make them safe and feel safe? that might be two different questions? >> well the n has a lots of experience with security and doe a fantastic job. wee on the highest level for these kind of events and so far there's not been an issue. so i'm sure, the president of the garden and plus the combination of the nba will have heighted security and everyone will be safe. melissa: does it change the way you do business at all? you have 3/4 of a million of fans that come in to watch the sell tricks every year? you're of course in the heart of it in the city where the actual event happened. do you think people will be more afraid to come out and does it change the way you operate? >> you know i think boston
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is a very resilient city and there is increased security and my family will be there, the ownership group families will be there, we think th will do everything they possibly can. they're very experienced these kind of events. the nba has a global security force that is overlooking this whole event. the commissioner is looking at it. so we're going to make, everything we can to make su it is safe as it has been safe in the past. melissa: you are a serious no-nonsense businessman and of course this is a money business show. you are managing director of bain capital. realistically do you think this has an impact on the business? >> you know, that's not our concern right now. our real concern right now is for the people that have been injured and the, horrific act that has happened here. so we hope the security forces will find these people and we're going to make the garden safe and, a real concern now is with the families and all the issues that this event has caused.
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and we're going to really go out there from a charitable standpoint and every standpoint we can toelp those families. melissa: of course. i know t celtics did choose to cancel their game tonight against the indiana pacers. what w behind that decision? >> well that was a pretty easy decision the way that works our ceo and coowner talked to david stern. we talked to the legal people of the nba. it was pretty clear that the focus of security in boston needed to be on this event. the ime scene. and not on a basketball ga. i think people in boston wanted to be home with their families the day after the event while they' still investigating the causes. so it was a pretty easy decision and unanimous by the nba and the boston celtics that it didn't make sense to play the game. melissa: it was of course about security a but i'm sure it was about respect. >> it was out of respect for the families and everybody should be with their families in an event like this. it wasn't about the security at the garden. having the personnel be distracted from the real task which is finding the
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perpetrators today they're combing every area of the back bay where the bombings went off. they're looking for more clues. we felt it would be wrong to take the people off that project and have them working the garden that night. think it was a really good decision. we're comfortable with it. our fans are comfortableand players are comfortable. i think it was really the right thing to do. it was a pretty quick and easy decision by the nba and by the boston celtics ex. melissa: everything you do is anchored in boston, whether bain capital which is a proud son of boston or the celtics. what would you say to reassure the city right now and how do you feel about the city of boston in the wake of what's happened? >> well, our building was right, looking down on the evt. we heard the bangs and the thing that struck me the most when i went over to the window to see what was going on and saw this horrific scene the fact that the police t frst-responders, really didn't care about their lives. they dove in there. they got people out. they got people ambulances. a huge row of ambulances
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lined up to take people to hospitals. i think they're real heroes and they saved a lot of lives th day the mayor did a fantastic job. police commissioner ed davis blanketed the city with very visible patrols. there was a lot of security at the marathon. it is really hard to police 26 miles of an outdoor event but they responded with valor. they saved lives and this city, really kno how to come back and i think the mayor, i talked to the mayor today, the governor, they're all over security. they will find these folks. there is a joint task force working 24 by seven. there is litally hundreds of people trying to find these perpetrators and the garden will be safe, the city will be safe and this city is a very small city and everybody knows everybody. so everybody jumped to help out whether from a financial standpoint or volunteer standpoint and i think we'll get through it. melissa: yeah. you said you taubed to the mayor and governor. is there anything they said to you to reassure you or to
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get people to come out and feel safe? >> i think people are starting to come back out. they're keeping people away from what has been designated a crime scene for obvious reasons because they're trying to find types of clues. i drove across the city. people are starting to come out. it is starting to be back to normal already. they have lots of security and police out here on top of the situation. so both of them have been very experienced the mayor has been here for years and years. the governor is in his second term. they have dealt with a l of crises. i couldn't be happier t have two public servants like this spend 24 by 7 making this right. they're out there doing it. they're hands on. the mayor broke his leg and he was out there talking to police chiefs and hands on like he is always is. boston has great leadership and they're working together as one. they will find these guys. melissa: absolutely. steve, thanks for coming on. >> thank you. melissa: up next, oil prices slide to their lowest level since december. we're going to take a look what is behind the decline
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and some new data shines a rosy light on the housing market but is it really time for real estate investors to get back in the game? we have two top experts to break it down. more "money" coming your way.
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melissa: not a good day for oil. concerns over the strength ever the global economy sent oil prices diving below 88 bucks a barrel at one point today, the lowest in months. let's break down what it means for investors and the economy. with me energy guru, steven scrk of the schork report. and the managing partner and chief investment. good to have you both of you on the show. when you have volatile markets in the face of outside oil events, it is helpful to hear from people
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in the involved in the markets. steven, i ked you about what you were hearing. you fielded a lot of phone calls. what are people saying to you in the past 24 hours? >> they really want to know what is the driver behind this. and essentially, melissa it is continuation whether in the gold market which we've been seeing telltales of weakness the past few months. that is we had a number about drivers that would have suggested, gold prices would have moved higher. that was the continued qe we're seeing in japan. also the north korea situation which would have been a flight to safety. and then the weakness in the dollar. but we didn't get it. and the problem is, it that gold is an inflation hedge. and you can not have inflation if you do not have economic growth. and that's the real driver. today, the imf came out a revised lower its global demand growth thus far. over the past few weeks we've seen the gdoe, and iea and opec all revise crude oil prices or demand lower.
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so at this point we've had that big selloff in crude oil prices but brent crude oil now is at a crucial pot. this is an important takeaway for listeners here. melissa: yeah. >> because right now we broke the $100 barrier. there is a key technical level at 97.91. the market got down to $98 today and snapped back. if we hold, we are going to move higher. but i don't think we hold. melissa: really? >> 97.91 that does clear the prices low to below $95 for brent crude oil which is great news for drivers this summer. >> it is great news for drivers but everything else you said was really bad news for the economy. >> right. melissa: month at this, let me ask you, you have institutional clients across the worl what are you hearing from them in the past 24, 48 hours? >> i think i have to agree with a lot of what steve has said. basically there is pressure mounting on commodities as a whole for quite a while.
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melissa: yee. >> for gold factors i have to mention, who are the biggest buyers of gold? they're central banks. and their behavior recently has changed. it is not just the imf but also e.u. has a negative bias on gold. cyprus is looking to sell gold and probably next to follow would be greece. and even the countries that are traditional buyers of gold, they put sort of a halt on buying further gold. in india, for example, india is suffering from massive current account deficit problem. what they have done is, they have removed the incentives to loan money to buy gold because that wouldean selling the currency while importing more gold. melissa: okay. let me,appening onon, let me stop you there. steven, we're supposed to be talking about oil and we're not. that is very telling because gold is at the forefront of everyone's mind in this breakdown really seems to be something significant to a lot of people and a lot of investor we saw the first segment we did as well. they wanted to talk about gold. if gold breaks down, steven, what happens from there?
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what does that mean to you? what doe it mean for oil? what does it mean for stocks, the rest of the economy? >> at this point from an economic standpoint it means further weakness because we're not prying in any inflation right now and seems to be the further. to his point with regard to cyprus selling potentially eece, who knows, maybe even italy, this is a poor inditor for future growth. now when you look at how many people are long gold, a lot of that selloff yesterday in the market was for margin calls. today --. melissa: that wasn't, you don't think that was the result of anything else tat was going on around the world? a lot of people thought maybe you would pounce on gold if you saw what was going on in boston. maybe that is a little bit of a bounce back that we with saw today. you think it is really aut global weakness and it continues? >> oh, absolutely. if we look, melissa, just over the --. melissa: hedge fund unwinding, pardon me, hedge fund unwinding as well. >> indeed. and also a billion dollars
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poured out one. etfs on friday. gold etfs are backed by physical gold, when you cash out of the et. if you're dumping physical gold onto the market. that certainly exacerbated the selloff. over the weekend what got everyone excited? china missing its gdp numbers. we know japan is a mess because they're going to their own quantitative easing. boom, check off asia, you have a problem there. europe, we know it's a mess and the united states. the numbers at that haae come out since april 1st from the payroll numbers and through consumer sentiment last week indicate things are beginning to slow down here. melissa: okay. >> weakness in gold is a bellwether here. melissa: monty, tie it up here. we're seeing weakness in the economy, hedge funds unwinding gold, bombing in boston, can the market continue in your opinion given all the other things you have said? >> i think beta as a asset
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class moves together. we've seen a big drop-offn commities. even though thee stocks bounced today, we've all been expecting a correction in the stock market especially the u.s. remember the s&p has prett much outperformed the global equityarkets through the first quarter of the year. i think that the key point will be what happens with the april jobs report that is released in the first friday of may. if that report is weak, on the backf the weak march jobs report, i think history ll play out again and we'll see a weak may because traditionally may has always been the month, saying sell in may go away. melissa: yeah. >> i think there's a very high probability of that curring again. melissa: too bad. guys, thanks for coming on. great insight. we appreciate it. >> thank you. melissa: next on "money," march housing starts blow pass estimates. all signs point to a real estate recovery but should investors be getting back in themarket? we'll ask two top experts about that. and i don't know after that last discussion if we'll be back in the market. we have a first-hand account from a runner who crossed
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the boston marathon finish line just minutes before the bombs went off. we'll have that as well. more "money" right after this.
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melissa: smatter what time it is, money is always on the move. but take a look at ebay. post earnings tomorrow. remember, our money experts told you to focus on earnings in
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spite of what is going on in boston. ebay, their own expectations for 2012 profits set a bullish target for earnings through 2015. we will be keeping a close eye on them for you. you can see the stock trading wn it it. the major housing numbers out. breaking the 1 million mark for march. the first time since june of 2008, it is amazing. with me now, alec shar. let me start with you. that is a big milestone, the 1 million mark for the first time since june of 2008. >> it is a huge milestone. on average we built 1.5 million homes.
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whenever failed to build less than a million. we built less than a million, so now that we're back up a million, we are at 50000 off of historical average and 20000 off from work we need. it is good to see it back at a healthy level, however we have huge inventory constraint nationwide. there's just not enough property right now. melissa: is that how you interpret the data, that we don't have enough property? >> if you look at the market this winter, there are areas that have lack of supply, pushing prices up a little bit and strengthening the market. however we are little bit more hesitant about calling it a true recovery. single-family housing over 100 years has returned in real returns not including inflation about 0%. and so what has looks like it's about two dozen nine housing prices started to hit a plateau, whicmeans they weren't
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dropping anymore but we are really not looking today to see a dig praise bush. the reason is primarily the unemployment rate. 7.7% unemployment ratit is hard to get buyers out there. on top of that, the recovery that we hav seen we believe is pushed a lot by low interest rates. with the support of fannie and freddie, and even the mortgage interest tax deduction. the support bases for housing right now seems to be quite artificial, and i think that is why a lot of home builders are afraid to get into this market right now to build more because they are skeptical this is a real recovery. melissa: you are to real estate guys who are not bullish on real estate, how is that? it seems he does not believe in the recovery and the data. >> no, absolutely not. i think there's going to be a significant price increase in housing in the short term.
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today there may be some momentum created were a lot of momentum created by low intert rate, but when you look historically at the housing market, people need a place to live, even rental properties a lot of them e single-family homes or apartments. at the end of the day, people need a place to go, new household creation is outpacing the supply, so more people looking for a home than there e homes available and nationwide in almost every major metro we are at very low inventory rates so i am bullish. if you want to make money right now, look at single-family homes, that is what the hedge funds are doing. melissa: are there as many homes as there are people? there just isn't the supply out there for them. it would not matter if interest rates go up, people need a place to live. >> remember, there are over 2 million units of single-family housing today in foreclosure, delinquent or rtl.
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so we think the supply is not come to the market yet, but what we think there's a real supply is in rental housing. we have seen this huge wave of generation waiters come in. 95 million of them. melissa: we're almost out of time. even if people are renting houses, those houses still have to be told, bought and exists to become rentals, so that would still be bullish. >> absolutely. single-family housing historically had in a bad substitute for rentals. they are too spread out and too hard to manage for rentals. historically where people have made money is tense multifamily properties. we think that is where the investment properties are at. melissa: great discussion, i hope you will bot both come bac. what price do we pay for fear? a marathon runner who crossed the finish line moments before the bombs went off. and how much our economy is impacted if the attack came from
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domestic versus foreign sources. what difference does it make to the economy? the economy? we will be right back with
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melissa: running the boston marathon is a dream for millions of runners, and for some it becomes a reality. but yesterday when runners and spectators were to celebrate and rejoice, the dream turned into quite a nightmare, as you know. but will it stop people from doing things, hurt businesses, our economy has large? joining us, jimmy orr, who finished the marathon minutes before the bombs went off. you are a west point grad, spent 15 months in afghanistan, you ran this race, went through the finish line and then you heard the blast, what was your reaction, what was the scene like? >> it was really chaotic, it was kind of quiet and everybody knew something just happened. luckily we linked up right after that with our family. something is going down, we have to get out of here. we just wanted to get away from the scene before we saw cops running and everything, we wanted to get out of there as soon as possible.
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melissa: did it bring back memories for you? >> absolutely. you never imagine this thing happening here in the states. it definitely brout back those memories from afghanistan. melissa: marathoners are a resilient bunch, obviously by definition. what it takes to train aad get three race, are these the kind of people who can get through something like this, this kind of event and come back to race again? what do you think? >> absolutely. the group i was with, my boyfriend does marathons, the girl i was with finished right with me. her son is a runner. you ha a mission, a task, you're going to get it done. i think everyone is kind of hey, let's go, we have to keep walking even though you just ran 26 miles, we have to get out of here and do what needs to get done. marathon training is definitely
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helped us out inhis situation. melissa: you are so nearby, but so lucky, what was your first thought when you woke up this morning? >> thank god i'm alive and thank god we were all able to connect. it was almost a dream, i can't believe that happened yesterday on such a high from finishing and for such a tragedy like that to occur, it's almost, still can't believe that happened yesterday. melissa: you qualified to marathon a couple years ago, but you finally got to run it yesterday. did it change the experience for you, will you try do it again? >> oh, yes. the thing, boston, wh and was sh a great course and i was so impressed with all the volunteers and all the other runners, all the stories to get into the boston marathon.
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i want to run boston again, for sure. i think it is such an accomplishment. it is not going to change my opinion on the marathon at all. melissa: thank you for coming on, we're glad you are safe. e biggest question about yesterday's attack is still who did it. was it foreign or domestic? does that have a different impact onour economy, on businesses, on your money? as of yet no group is claiming responsibility, but the source of the aack changes how we respond and react to it. here to explain, retired colonel of a former national security officer and inspector james forrest, terrorism expert. thank you for being here. first of all, do you think this was domestic or foreign terror question two? >> i would say looking at the ways in which the explosives were done, the placement of the explosives and the targets leads
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me to think there is more than 50% chance that it was a foreign terrorist or at least associated with foreign terrorism. now could that change, could my assessment change? absolutely. based on what i see right now, a lot of the way iwhich the explosives went off, a lot of it is similar to what you see in afghanistan. in terms of terrorist signatures that i look at and i think this could very well be one of those situations where it is at least an inspired terrorists. melissa: what difference does it make? we have had people speculate one way or another, what difference does it make in how we respond and for the economy at large what happens from here? >> that is a very good question, melissa. about the matter is that it international or domestic with
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the economy. what really matters is this is the beginning of the terrorist campaign when it is launched by an internatial group or domestic group or a one-off attack ban individual, that will have a much less kind of an impact. melissa: i think a lot of people think it is to mistake it is not the end of the campaign, but if it is for an is the continuation or resurgence of that. is it wrong to think that way? >> not at all, i think that is right. as the professor mentioned, there are so many attributes to a foreign campaign that would indicate this could be the beginning of one of those. it may or may not be, for domestic person to do something like this usually it is a one off act. these are n perpetuated by further campaign. at least they haven't been so far and that analysis is spot on in this case.
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melissa: a lot of people would feel like if this was somebody like that, we would almost breathe a sighf relief maybe it was a one-off event of these people and not be as afraid going forward as opposed to having al qaeda penetrating the borders and succeeded again. >> i agree with that, but the international and domestic gets a little blurb talking about the homegrown teorist phenomenon with a domestic operative inspired by a foreign terrorist network and their inspiration to commit terrorist attacks. carried out by a lone individual here domestically, they be living were even has a u.s. residency were us-born. melissa: that is a great point. that person could operate bombs that look like what we are seeing here, a domestically grown terrorist inspired by foreigners? >> absolutely.
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if he got training in the middle east or somalia, that is absolutely a trait he would have, it is very ssible the so-called homegrown terrorists because of terrorism overseas by directly being there or being inspired by the kis of messages the overseas terrorist have propagated especially on the internet. melissa: i hope you both come back as we get more clues to decode them. >> thank you. melissa: up next on "money," events like the bombing show was the worst but they bring out the best of humanity. we're going to take a special look at some of the unsung heroes of the tragedy in boston. more "money" ahead.
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>> moments like these, terrible as they are, don't show our weakness, they show our strength. melissa: so every tragedy brings our heroes and tonight we want to pay tribute to some of the strengths and unsung heroes we heard about in boston. take a look at this, this is a show of patriotism. the green building on mit's campus. students packed in and lifted up like an american flag last night. what a great way to show support. do you think this is kind of what brings people together? this is what it does, it is not
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as nefarious as it sounds. >> this goes to prove america's not just a great country, it is a great country. they raced to the scene we didn't even know what the issue was. we saw the port authority, ems, officials running into the world trade center buildings when everybody else was trying to get out. the benghazi attack, we had former navy seals trying to get in and help our ambassador when the danger was all aroundhem. this is a huge testament to the american spirit especially in times of dire crisis. melissa: that is what you think when you look at the people raising in. >> very eloquently put. so moving the whole thing, we are also afraid but americans step up and actually ban together to do an extraordinarily amount of nice things. melissa: shows our strength, not
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our weakness in the strength of such acts. here is a hero people talk about, former patriots guard, he turned into a hero after the bombing as he rescued injured victims. the former nfl player has three brothers who are new york city firemen. look at that. an anonymous person. >> there is no pr person, this is just a guy doing it because he felt it was the right thing to do, instantly without even telling his twitter followers. >> they say he served on september 11, 2001. they were racing to the scene and helping survivors. this guy is so humble. just doing what was required of him of the moment. he had to get on twitter later and say yeah, that was me because people saw him from different news feeds. >> boston hospital had to put out an announcement saying
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enough blood donations, we have what we need. people willing to give their blood. melissa: the owner of a restaurant in boston helped out allowing runners and stranded people choose anything off the menu. others provided cellphone charging stations and let the stranded use their cell phones. they've made to go bags. do you think this thing makes customers supported busine and feel great about it? that is not what they were thinking when they did it, but don't you love a business when you see them be so selfless? >> the greatest thing is that was not the intent here. a wonderful profit to get, utterly unintentional. >> i agree, just humanity, it is decency, human kindness. amer